Cobra's Market View Private Messaging System shows:
SHORT-TERM MODEL BELIEVES THE TREND IS UP, HODING BOTH LONG (TRAPPED) AND SHORT (TRAPPED) OVER THE WEEKEND
The bottom line, a red Non Farm Payroll more likely means a reversal which in our today’s case would be a top. I don’t know but giving the fact that Rydex (retailers) traders are very very bullish now, the signal might have some creditability.
Short-term Model did nothing today so no screenshot here. Enjoy your weekend!